Stableford Capital II LLC Cuts Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Stableford Capital II LLC reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,181 shares of the basic materials company’s stock after selling 63 shares during the quarter. Stableford Capital II LLC’s holdings in Air Products and Chemicals were worth $923,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in Air Products and Chemicals in the third quarter valued at about $25,000. Raleigh Capital Management Inc. raised its holdings in shares of Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 43 shares during the period. Iron Horse Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Fortitude Family Office LLC grew its holdings in Air Products and Chemicals by 58.8% during the fourth quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 50 shares during the period. Finally, Prospera Private Wealth LLC purchased a new stake in Air Products and Chemicals in the third quarter worth $42,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the topic of a number of recent research reports. UBS Group upped their price target on Air Products and Chemicals from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday. Mizuho upped their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $340.50.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $335.36 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $338.00. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The stock has a market cap of $74.58 billion, a P/E ratio of 19.52, a PEG ratio of 3.46 and a beta of 0.84. The business’s 50-day moving average price is $310.29 and its two-hundred day moving average price is $298.99.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. This represents a $7.16 annualized dividend and a yield of 2.14%. Air Products and Chemicals’s payout ratio is presently 41.21%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.